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Everything You Need to Know About Finding Self Storage in Ypsilanti, MI

Just starting your Ypsilanti self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Ypsilanti, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. We used US Census data on Ypsilanti to give you a better idea of these factors.

Moving and Storage in Ypsilanti, MI

If there are many people moving to or from Ypsilanti, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Ypsilanti we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Ypsilanti grew from 19,580 in 2010 to 20,081 in 2014, which is a rate of 2.56% growth over four years.

Real Estate and Self Storage in Ypsilanti, MI

Vacancy and occupancy rates in the Ypsilanti housing market can help us gauge the demand for living space and thus self-storage space in Ypsilanti, and may hint at storage availability and pricing. If there's low vacancy rates in Ypsilanti housing, there's likely low vacancy at Ypsilanti storage facilities. This would allow storage facilities in Ypsilanti to charge higher prices for their units. According to US Census estimates, 86.6% of housing units in Ypsilanti are occupied, while the vacancy rate is at 13.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Ypsilanti may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Ypsilanti than in other cities.